FIBK Selling Below CFO's Recent Buy Price

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on October 24, First Interstate BancSystem, Inc.'s CFO, Kevin P. Riley, invested $259,478.00 into 10,000 shares of FIBK, for a cost per share of $25.95. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

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In trading on Tuesday, bargain hunters could buy shares of First Interstate BancSystem, Inc. ( FIBK) and achieve a cost basis 4.2% cheaper than Riley, with shares changing hands as low as $24.85 per share. It should be noted that Riley has collected $0.30/share in dividends since the time of their purchase, so they are currently down 3.1% on their purchase from a total return basis. First Interstate BancSystem, Inc. shares are currently trading up about 0.3% on the day. The chart below shows the one year performance of FIBK shares, versus its 200 day moving average:

First Interstate BancSystem, Inc. Chart

Looking at the chart above, FIBK's low point in its 52 week range is $17.15 per share, with $29.53 as the 52 week high point — that compares with a last trade of $24.85. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
08/16/2013 ED Garding Pres. & CEO 19 $23.55 $440.15
08/27/2013 William B. Ebzery Director 1,326 $22.77 $30,193.02
08/30/2013 Kevin P. Riley Exec. Vice Pres. & CFO 10,000 $22.77 $227,704.00
10/24/2013 Kevin P. Riley Exec. Vice Pres. & CFO 10,000 $25.95 $259,478.00
11/18/2013 ED Garding Pres. & CEO 17 $25.84 $442.90

The current annualized dividend paid by First Interstate BancSystem, Inc. is $0.64/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 01/31/2014. Below is a long-term dividend history chart for FIBK, which can be of good help in judging whether the most recent dividend with approx. 2.6% annualized yield is likely to continue.

FIBK+Dividend+History+Chart

FIBK makes up 1.26% of the Dynamic Financial Sector Portfolio ETF ( PFI)

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